The Spanish biopharmaceutical company, which emerged as a spin-off from the University of the Balearic Islands, will increase the list of companies in the health sector present in BME Growth, previously known as the Alternative Stock Market (MAB).
To make this possible, the company has decided to accept new investors with the aim of raising $5.93 million (€5 million), as Pablo Escribá, CEO and founder of Laminar Pharma, and Mario Grande, corporate director of the company, explained. The company is a pioneer in the therapeutic approach through the synthetic design of lipid molecules and compounds derived from oleic acid.
Find out more about the biotech company Laminar Pharma and read the latest finance news with the Born2Invest mobile app.
Laminar Pharma, in search of attractive investors to make the jump to the trading floor at the end of 2020
In order to make the leap to BME Growth, taking into account that it already has a molecule in Phase III, it will do so with a direct listing option, carrying out a pre-IPO capital increase with which it will provide entry to European funds and family offices. “The registered advisor, our sponsor, will be a Fellow Funders,” said Grande. The Balearic company has raised $17.8 million (€15 million) of investment to date, both private and from the authorities, and is currently responsible for 8% of the new products developed by the pharmaceutical and biopharmaceutical industry in Spain.
The Spanish biopharmaceutical company is committed to translational health research for the development of oncological drugs and other first-in-class products, using patented technology such as Membrane Lipid Therapy (MLT). “Our next step is to make these first-in-class products the standard of care,” added the corporate director and also responsible for investor relations at Laminar Pharma.
The company has been investigating the lipid alterations that occur in the cell membrane since 2006, studying their relationship with various pathological processes and developing pioneering and innovative therapeutic molecules to improve the quality of life of people affected by serious diseases. Laminar Pharma controls all processes, from the laboratory to clinical practice. The company licenses and supplies its patents to large pharmaceutical companies worldwide, under a B2B exploitation model. The molecules under development are grouped into three therapeutic areas: oncology (brain tumour and pancreatic cancer), neurodegenerative diseases and infectious diseases (e.g. COVID-19).
The company closed a $2.37 million (€2 million) financing round through Capital Cell last year
“By changing the membrane lipids you can change the anomalies,” said Escribá. The founder of Laminar Pharma compares the future capital injection to “a snowball” for the company, which has seen it become increasingly large and important for patients with diseases with high prevalence in recent years.
In the second half of 2019, Laminar Pharma closed a $2.37 million (€2 million) financing round through the crowdfunding Capital Cell platform. The operation is classified as one of the largest in the sector through this investment channel. However, this is not the only economic support the company has received in recent months.
Laminar Pharma also received a grant of $474,000 (€400,000) from the Balearic Government in 2019, which will be used to carry out clinical studies in various hospitals in Catalonia. To this aid must be added $7.3 million (€6.15 million) from the European Union, through the H2020 program, to carry out clinical studies in various European countries, in addition to the $3.56 million (€3 million) that the company has received from the central and Balearic governments in the last three years.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
eToro lists Chainlink (LINK) and Uniswap (UNI)
eToro, the German cryptocurrency trading platform has recently announced it will list Chainlink and Uniswap. eToro is expected to relist...
Burkina Faso is considering the development of a new Country Strategy Paper
The April 19th meeting between the two partners aims to discuss major socio-economic development issues in Burkina Faso, for at...
Noventure grows in healing technology with new acquisitions
Noventure is a Spanish company based in Barcelona. It specializes in licensing innovative medical devices based on specialized food substances...
A crowdfunding campaign to save Rome’s pine trees was launched
The pine trees have always shaped the cityscape of Rome. Now, to the displeasure of the population, they are being...
Virginia adult-use cannabis law goes into effect on July 1st
Virginia has recently legalized the use of cannabis. Two amendments to the cannabis bills SB 1406 and HB 2312 were...
Featured7 days ago
Aedas Homes hires Goldman Sachs to launch green bond issue
Featured7 days ago
Consumer Price Index in Spain confirms its positive path and rises 1.3% in March
Biotech6 days ago
RheoDx is looking for one million euros to accelerate blood diagnostics
Business6 days ago
Gaming Startups: winning is about more than racking up a high score